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The uprising and military confrontation in Libya that began in February 2011 has led to disruptions of gas supplies to Europe. An analysis of how Europe has compensated for these missing gas volumes shows that this situation has not affected security of supply. However, this situation would...
Persistent link: https://www.econbiz.de/10010293361
This paper provides a textbook example of integration between commodity markets, and the subsequent price convergence or absence thereof. We analyze price relations between spot markets for natural gas in Europe. We apply time-varying coefficient estimation applying the Kalman filter, to test...
Persistent link: https://www.econbiz.de/10010296793
Die Sicherheit der europäischen Erdgasversorgung kann durch die konsequente Vollendung des europäischen Binnenmarktes erheblich gesteigert werden; Europa sollte in der Liberalisierung dem Vorbild der Vereinigten Staaten folgen. Russland kommt zwar auch künftig eine gewisse Bedeutung bei der...
Persistent link: https://www.econbiz.de/10011601734
Der Einsatz von Erdgas als Kraftstoff nimmt weltweit zu, besonders stark in lateinamerikanischen und asiatischen … Ländern. In einigen europäischen und asiatischen Ländern wird der Einsatz von Erdgas als Kraftstoff vor allem mit dem Ziel … beziehungsweise durch die stärkere Nutzung eigener Erdgasressourcen die Erlöse aus Ölexporten zu erhöhen. Überall dort, wo Erdgas …
Persistent link: https://www.econbiz.de/10011601928
Persistent link: https://www.econbiz.de/10011601929
We analyze the relation between European natural gas storage facilities and price patterns at major trading points, considering the theory of storage to derive a testable hypothesis imposed by the non-arbitrage condition. To model the efficiency of the natural gas market, we apply two indirect...
Persistent link: https://www.econbiz.de/10010265029
The increase in liquefied natural gas trade has accelerated the integration of previously segmented markets in North America, Europe, and Asia. This paper provides evidence on the integration of the transatlantic natural gas market. We test the theoretical proposition that in integrating markets...
Persistent link: https://www.econbiz.de/10010265030
We apply the EMF 23 study design to simulate the effects of the reference case and the scenarios to European natural gas supplies to 2025. We use GASMOD, a strategic severallayer model of European gas supply, consisting of upstream natural gas producers, traders in each consuming European...
Persistent link: https://www.econbiz.de/10010274285
This paper presents results of simulating a more collusive behavior of a group of natural gas producing and exporting countries, sometimes called GASPEC. We use the World Gas Model, a dynamic, strategic representation of world gas production, trade, and consumption between 2005 and 2030. In...
Persistent link: https://www.econbiz.de/10010274286
In this paper we study the recent awareness and persuasion campaign launched by the Irish government to increase energy efficiency and we assess its effect on residential natural gas consumption. We first analyse changes in the daily consumption of natural gas and find that advertising leaflets...
Persistent link: https://www.econbiz.de/10010277650